Are you interested in US real estate investment and financing?

Please leave your contact information, our customer service will get in touch with you as soon as possible!

Submitted

Our investment advisor would contact you soon!

Our Work Hours are: 9:30 A.M. - 5:30 P.M., Eastern Time

Please feel free to contact us by: +1-(516)-829-0700

Equity Pledge Debt Fund 816

Elmhurst, Queens, NY
8% - 8.25%
Annual Return

Personal Investor Entry

Other Investors Entry
Include Company (Corporation, LLC. etc.), Trust, Retirement Fund, etc.
Investment Summary

Offering Amount: $4,000,000 U.S. Dollars

Estimated Return: 8.00% - 8.25% Annualized Return*1

Investment Type: Equity Pledge Loan

Unit Price: $10,000 per Subscription Unit

Offering Date: March 2021

Investment Horizon: 12 - 18 Months(6+3+3+6 Months)

Dividend Schedule: Prepaid before per Period

Special offer: 3%Condominium Purchase Discount*2

*1 8% Annualized Return For Investment of 1-19 Units;8.25% Annualized Return for investment above 20 Units.

*2 3% Condominium Purchase Discount applied to Investor subscripting more than 25 units.

Property Overview

Address: 86-55 Queens Blvd, Elmhurst, NY, 11373

Area: Elmhurst, Queens, NY

Lot Size: 21,552 Square Ft.(70.81*205.5 FT)

Zoning: R6, C4-2(FAR is 4.8 times)

Building Size: 7,686 Square Ft.(The rest of the building size has been transferred to the Phase I project)

Closing Price of Land: $14,250,000(2018)

Market Value after Operation: $31,800,000(Appraisal from CBRE in Sep,2020)

 

The developer has purchased the property in 2018 at a price of $14,250,000 and demolished the existing restaurant. The proposed architectural plan was approved by DOB and partial building area has transferred to phase I development (CrowdFunz Fund 806). Affected by the pandemics, the construction just resumed lately.

The proposal development is 4-floor building with a total of 37,686 square feet community facility and parking garage The project is expected to be finished in 2023 . After completion, the ground floor will be a parking garage, first floor will be community facility and parking garage with 8,561 square ft, the second floor will be a parking garage, third floor will be community facility with 14,290 square feet, and fourth floor will be community facilities with 14,834 square feet.

Hightlights

To view full detail information

Log in Register